Just a couple of suggestions.
First, you should have your contact information available in all profiles online. This would include your Broker, their address, your personal website(s), a way for consumers to search for homes, a way for consumers to obtain a Free CMA, a way for them to get pre-approved for a mortgage, and any other special information you may have.
I do not recommend placing your email address anywhere that can be found online. That leads to spam, not customers.
Next, start joining real estate networking websites like Trulia and ActiveRain.com Both provide lots of free information about prospecting for customers.
When I started I can still remember my reaction when I got my first call and felt like a little puppy dog. I was so excited that somebody wanted me. After all the schooling, practicing for the test, company training and a decent manager I was still unprepared for the actuality.
Now that I'm a broker sales manager and am growing a start up brokerage I work with new agents to help them through the transition.
Chris' answers are very typical and if you follow all of them you will go broke quickly. You need to meet people and also get face time with the people that you already know to let them know you are in the business of helping them and all their friends and co-workers buy or sell real estate.
To appear as the professional of choice for them you need to know your market. Whatever that market is, get to know it so you can tell stories to the people you are having face time with. Make the information god and they so will repeat it to others and quote you as the source.
If you are in an area of our state that is suffering through this foreclosure crisis make yourself an expert on every aspect of you that you can imagine then formulate a different way of looking at it that others might not see. If you are in San Francisco, like me, then get to know the market, district by district, price point by price point. Tour, see every open house you can and get to know the agents, they will be your clients and co-workers in more than one transaction. See who is doing the best and copy ideas. Read Gary Keller’s book "The Millionaire Real Estate Agent" the first third of the book pertains to you right now.
My first manager is a great guy and very respected but he didn't connect with me. I still remember him telling me to "just get out of your head and go do it" That's not me and never will be me. My point is you and your manager might not be a good fit. Don't be afraid to look at other brokerages and feel free to move around if you don't get the support you feel you need. In the meantime build your expertise about your product and the process in any way you can.
Best advice I ever heard on marketing was at a Hobbs Herder two day seminar "Everything works and nothing doesn't" It means do anything that moves you forward. If you do nothing you will achieve nothing.
The short answer to your question is "be real estate". When I leave the house I am what I do. I have transitioned my sales career of years into a recruiter/broker. As some of the posts reference, get trained. If you don't have scripts learn them, if your current broker doesn't teach you, perhaps they do not know them. Some managers/brokers didn't "work their way up" they just "became" manager. Just because you are in charge does NOT mean you are the best for the job. Are you at an office that has nepotism (husband is owner so wife/sibiling/child is the mgr)? Check those things out and if you really like the office then do what I did.
Tell everyone you know and even those you meet what you do (real estate)
Talk to top producers (take one to lunch, it is worth the $30)
Get out there and "Be the business" wear name tag, get names and numbers
I took the approach of dating, If I really wanted to be around someone, I made sure I was where they were and eventually I got some time with them.
Preview homes and learn your market area
Watch for expireds (Expireds are people who want to sell but didn't listen carefully the first time.)
This should get you started if you need more advice, just ask happiness@century21.com that is where I am.
Pay it forward,
Laure Yeager
Dardenne Prairie MO
A large part of a managing broker's job is to recruit new agents, and train them in every aspect of real estate. A major aspect is how you go about generating leads, for buyers and sellers. An example might be, to send out Announcements of your new job to your "sphere of influence" (everyone that you know in the area). Let them know that you've changed careers, in an effort NOT to be a Secret Agent.
If they're not giving you those ideas, it's time to move on to the next agency/office.
It's me again... another word of advice. Consider coaching... all pros have a coach. The Mike Ferry Org has coaching and it may not be in your budget, so I wanted to recommend one more person. Check out Eric Jordan's coaching... http://www.ericjordancoaching.com/default.asp.
He offers coaching (i.e.: training) does all the work for you in finding FSBO's & Expireds in your area. About half the price of Mike Ferry.
Have fun! Feel free to call me if there is something else I can help you with.
By the way, keep me in mind for any San Diego referrals... I am happy to pay a 25% referral fee.
Denise Gleavey
Coldwell Banker
858-565-7777
Sounds like you need some better guidance than you are getting from your broker. I don't know what part of California you are in, I am in San Diego and many agents here share what the specifically do and form mastermind groups and brainstorm and share ton of ideas.
You may want to consider finding a new office. Also look for top producing agents in your area and offer to take them to lunch and ask them to share with you what 2-3 things they would recommend for you to do to get going.
My recommendations would be to call everyone you personal know and let them know you are in the business and ask for referrals. Then call on for sale by owners and follow up with them very often until they list. Door knock the expired listings in your area.
In my opinion training is very crucial... you need to know what to say and do with potential customers, otherwise you won't do the above. There are lots of real estate trainers; I am a big fan of The Mike Ferry Organization. You can check out his website and get free scripts to get you going. They are always offering lots on training here in California. You can check out the dates of all the seminars as well.
Also offers free online TV mini (5-10 minutes) classes... http://www.mikeferry.com/tv/index.php?cmpgn=27
Good Luck, Denise Gleavey
Coldwell Banker
858-565-7777
Leanne
Jed sounds like a really caring and knowledgable broker and gives out great advise.
I remember that during my new agent training, we had two top agents in the company presenting their methods of getting where they are today. One strives to be the expert of the area; and the other, strives to have name recognition. My preference .. the combination of the two. It takes time, energy and effort.
On a side note - Just want to give you an update - the benefit of going with a reputable real estate company. The new agent in my office told me she has three leads, all from being on the floor (meaning you sign up for a shift at a time and clients come in or call in about selling or buying).
One resulted in a listing appointment; two are buyers, one has already been pre-approved and she took them out to see houses; the other one is being pre-approved and she will be working with them once that's done.
Of course, her story is not normal and she is extremely, extremely lucky because this happened all in one month; but it is a proof that hard work and being with a reputable company where people will go to are very important.
By the way, our manager is very supportive and she does have a mentor from the office to guide her through all these. Knowledge and experience are not gained in one day.
Best,
Sylvia
Implement your ideas. Your only obstacle if you! Put together door knob bags with "What's sold in your neighborhood" information, your inofrmation, recipie cards etc... then on a nice day walk that neighborhood, knock on doors meet the people let them know you are the Real Estate pro in that area. then in 1-2 months do it again and follow up with mailings. but you have to stay consistent and they have to see your face often otherwise they will forget you, what I mean is you can not do it just once and expect results. Join a group (Rotary, Kiwanis, sponsor a little league group). Let every person you meet know that you are an aggresive, experienced Real Estate professional whether thats at your church a party whatever and be a good listener. I wish you the best
I think what Marci's question brings to me and most of the others is how important a quality broker and real estate company is in jump starting a person's career. Even if we would list all the things we do to get listings, the most important thing is really building a solid ground to start with, which we can't do to train a new agent online. New agents need solid training, support and lots, lots of hard work.
Sylvia
I don't know where and who you work for, but when I was a new agent looking for an office, my number one priority is to look for a reputable company with great training program, strong management and supporting staff.
Back track a bit - Prior to that, I got quite a few real estate book and kind of got a feel of what I am getting myself into, which helped me decide the kind of office I want to be part of.
My company has new agent trainings from both the contract stand of point and from marketing (self and property) stand of point.; and much more. My manager has weekly new agent training and she actually took us out on broker open and told us what she thinks of the properties on market.. Like you said, they want us to be successful because that's when they are successful.
I have to split my commission with them, but it's worth it. I am a great Realtor because of that and I am doing much better than a lot of other agents from other companies.
This is the kind of office you should be working for.
Now, back to your question - hard work is how you can get listing - doing open houses (for other agents if you don't have your own), go on floor call (I still do that and will do that). Get involved with community, get your name out there... all things you can do to get exposure which leads to listings....
Best,
Sylvia .
This is an excellent example of how to get leads for potential clients. Denise was very kind and helpful in her responce to you. Then she just ask a small request for referrals at the end of the convesation.
Do this with everyone you know and meet and you will get listings. :o)
That just struck me as I was reading this Q&A.
P.S. I also pay 25% for referrals if you know of anyone moving to the Corpus Christi area...I think we have quite a few people move from San Diego to be stationed here at the Navel air Station (NAS)
Have a great evening everyone and good luck Marci.
Claire E. Wills, Realtor/Notary
(916)730-7181
PRUDENTIAL CA REALTY
1819 K Street, Suite 100
Sacramento, CA 95814
I would suggest that you begin calling expired listings, FSBO and those who have been served NOD's (for short sale listings). Set up a routine i.e.- call expired listings from 8-9am and again from 5:30-6:30pm.
All you need is a simple script, a telephone and a list of expired listings (from the MLS).
Do open houses. Ask visitors to sign in at the request of the homeowner. Have fields for name, phone, email some will be fake others will be real. Follow up!
Don't rely solely on passive marketing. This works if you do it consistently for a very long period of time, but is costly and usually doesn't produce results for some time.
Cindy Vedder
My best advice as many have already told you is Talk to everyone that will listen. But most importantly you must know what your talking about in order for them to listen! Have confidence. Give your card to as many people as you can and everyday, WORK,WORK,WORK! If you wake up and have nothing to do, then look up NOD's and leave some generic info on their door. If you dont have any sales, do open house every weekend until you do. Its like a snowball effect and you have to start somewhere. I do hardly any marketing it just comes to me. But I do Talk to everyone and let them know what I do for a living. Good Luck
